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Newport Beach Medical Office Sold for $5.3 Million

Owner Divests Nearly 8,000-Square-Foot Building in Newport Corporate Plaza
The medical property was built in 1978 on one-third of an acre in the Newport Beach office market of Southern California's Orange County. (CoStar)
The medical property was built in 1978 on one-third of an acre in the Newport Beach office market of Southern California's Orange County. (CoStar)
By Brian Kremer
June 24, 2022 | 8:42 P.M.

A private owner bought the office building at 4700 Von Karman Ave. in Newport Beach, California, for $5.3 million, or about $675 per square foot, from Newport Pacific Holdings.

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